Financial Management
Accounting, AP, AR, budgeting, cash flow, revenue recognition, and financial reporting from a single ERP platform.
What is NetSuite?
The #1 Cloud-Based ERP Software
At its core, NetSuite is a cloud-based Enterprise Resource Planning (ERP) platform built by Oracle. It combines financials, CRM, ecommerce, inventory, and more into a unified system, enabling businesses to manage their operations in real time.
Think of NetSuite as a really powerful brain.
How NetSuite ERP Drives Business Intelligence
This brain is what businesses run on for all facets of their organization, including operations, customer management, sales, marketing, ecommerce, data management, human resources, accounting, project management, website management, supply chain management, and other functions. NetSuite can be customized internally to align with a specific business, and it can also connect to external software through API's and Integrations. What this provides a company is the ability to have vital information at their fingertips to run their business.
Today, NetSuite software provides companies worldwide with scalable tools for growth.
What is ERP and When Do You Need It?
Anchor Group Podcast: Episode 1
NetSuite is the #1 Cloud-based ERP system, but what is an ERP system, you ask? ERP (Enterprise Resource Planning) is a term for a system that integrates all of a company's data. Such data can range from project management, HR, and Marketing to accounting, financial, and inventory management.
In this debut episode of the Anchor Group Podcast, Caleb and Michael break down the fundamentals of ERP systems, focusing on how NetSuite can transform business operations. Whether you're new to ERP or looking to optimize your current system, this episode is packed with practical insights to help you stay ahead in today’s fast-paced world.
What sets NetSuite apart?
Why Businesses Choose NetSuite
Most companies don't decide to implement NetSuite because they're chasing shiny new software. They get there after years of adding another spreadsheet, another application, or another workaround every time the business grows a little more complicated. Eventually, keeping everything connected becomes harder than the work itself. NetSuite helps bring those moving pieces together into a single platform, giving teams better visibility across the business, fewer manual handoffs, and a system that can adapt as the organization continues to grow. That's why, for many companies, it becomes less about replacing software and more about making the business easier to run.
Unified Solutions
NetSuite's unified architecture offers a familiar user interface across all modules, reducing training time and enhancing work efficiency. It also allows users to complete multistep processes from a single application without re-entering or exporting data.-
Data Visibility
NetSuite enables companies to manage the entire business through a single platform. This means that all company data can be stored in one place, within NetSuite, creating a single source of truth for data that matches company-wide. -
Reporting
With the help of NetSuite's built-in reporting tools, users can create reports on anything they want to measure or understand. NetSuite also enables companies to create custom role-based dashboards that quickly provide employees, managers, and executives with the information they need to make informed business decisions. -
Flexibility
Through its modular structure, NetSuite can meet the needs of businesses across a wide range of industries. Combined with additional agility achievable through customizations, NetSuite can meet the needs of a mid-sized local business and scale alongside the company as it grows into a multinational brand. -
True Cloud
Many "cloud" ERP systems are hosted on hybrid clouds—essentially suitable for on-premises software accessed over the Internet. NetSuite, on the other hand, was born and built for the Cloud. NetSuite’s cloud architecture enables a host of built-in features that differentiate it from traditional on-premise software. -
NetSuite AI
Artificial Intelligence (AI) is revolutionizing how businesses operate, and NetSuite AI is at the forefront of this transformation. As part of Oracle’s expanding AI-driven ecosystem, NetSuite AI brings predictive analytics, automation, and intelligent recommendations directly into your ERP. -
Modular Pricing
How much does NetSuite cost? NetSuite pricing is modular and subscription-based, not a fixed off-the-shelf price. Your cost depends on: Core license and modules (ERP, CRM, eCommerce, etc.); Number and types of user licenses; Level of customization and integrations; Implementation, training, and support. Because of this flexibility, many businesses engage a partner to estimate their NetSuite costs based on their needs. There is no “one price fits all” plan.
What Can NetSuite Do?
Inventory & Supply Chain
Track inventory, purchasing, fulfillment, warehouses, demand planning, and order management without relying on spreadsheets.
CRM & Sales
Manage customers, opportunities, quotes, sales orders, and customer history without switching between disconnected systems.
Ecommerce
Connect ecommerce operations with inventory, fulfillment, pricing, customers, and financials through a unified platform.
Reporting & Dashboards
Build role-based dashboards and real-time reports that help finance, operations, and leadership make faster decisions.
Automation & Integrations
Automate repetitive processes, connect external software, and extend NetSuite through workflows, APIs, and custom development.
How Does NetSuite Work?
A Practical Look at NetSuite ERP
NetSuite can run a surprising amount of a business in one place: accounting, inventory, orders, purchasing, CRM, ecommerce, reporting, and plenty more. In this video, we walk through how NetSuite ERP actually works, from its core modules and everyday business processes to customization, integrations, and the larger NetSuite app ecosystem. We also cover who typically uses NetSuite, what a NetSuite implementation involves, and why choosing the right NetSuite partner matters when it comes time to turn the software into a system your business can actually live with.
The History of Oracle NetSuite
How did NetSuite become Oracle NetSuite?
NetSuite was founded in 1998 and was one of the first vendors to develop web-based business applications. Oracle acquired NetSuite in 2016, integrating ERP, database, and cloud technologies. Oracle NetSuite ERP now combines Oracle’s infrastructure strength with NetSuite’s modular business suite, offering enterprise-grade performance, security, and global scalability.
Since its inception, NetSuite has developed into a comprehensive business management suite and has grown to become the #1 cloud-based enterprise resource planning (ERP) solution, supported by an ecosystem of partners, users, and third-party providers who extend, customize, and integrate NetSuite solutions.
That's where Anchor Group Comes in.
Our NetSuite Partner Services
Anchor Group is a small NetSuite partner firm based in the United States! Our team of onshore NetSuite consultants and developers can handle a wide range of NetSuite projects, from full implementations to post-go-live support through managed service plans.
We help businesses get more out of NetSuite through implementations, optimization projects, custom development, integrations, managed services, and long-term operational support. Whether you're planning a new implementation or cleaning up years of accumulated workarounds, we'll help you build a NetSuite environment that's easier to maintain, easier to trust, and ready to grow with your business.
Why Choose Anchor Group?
A Trusted NetSuite Partner
See what our NetSuite customers say about working with our team.
NetSuite FAQs
NetSuite is a business management software solution owned by Oracle, and is the #1 cloud-based enterprise resource planning (ERP) software. It has many modules that build out a suite of products covering backend business solutions and ecommerce. It's the most popular choice for the mid-market business!
Yes. NetSuite is widely regarded as a strong ERP solution because it combines core business functions—including financial management, order and inventory management, procurement, supply chain operations, budgeting, analytics, and reporting, all within a single, unified platform. Its high level of configurability allows businesses to adapt workflows and business rules to their unique needs, while its integrated data model eliminates information silos, streamlines processes, and provides real-time visibility for better decision-making.
NetSuite is an ERP, which means it is the software that runs the entire brain of your business, from end-to-end, encompassing the entire business process, from sales order to receiving cash, procurement, paying vendors, warehouses, inventory management, work orders, assemblies, and much more.
NetSuite is used to manage all of a business's needs from accounting, reporting, inventory, invoices, marketing, CRM, ecommerce, order management, and human resources. It is the most popular software for operating a business in the mid-market. Typically, when companies outgrow QuickBooks, they switch to NetSuite.
The NetSuite pricing varies significantly based on a company's needs. For example, a large enterprise operating globally and selling products online will require a broader range of features than a company that operates in the U.S. and has not yet entered the ecommerce scene. To learn more about what purchasing NetSuite might look like for your company based on the features you need, try our NetSuite Pricing Calculator for an initial estimate, or contact us with questions about NetSuite implementation and support costs.
